Bouvet Q1 2017: Good Growth in Bouvet

19.05.2017

Oslo, 19 May 2017: Bouvet had operating revenues of NOK 419.1 million for the first quarter of 2017, compared with NOK 322.9 million in the same period of last year. Operating profit (EBIT) came to NOK 41.2 million, compared with NOK 20.3 million in the first quarter of 2016.

Bouvet's operating costs, including depreciation, came to NOK 377.9 million for the first quarter, compared with NOK 302.6 million in the same period of 2016. That represents an increase of 24.9 per cent.

The EBIT margin for the first quarter was 9.8 per cent, up from 6.3 per cent in the first quarter last year. Net profit came to NOK 31.5 million, compared with NOK 14.5 million for the first quarter of 2016. Diluted earnings per share were NOK

3.04 for the quarter, compared with NOK 1.38 in the same period of last year.